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PayPal Launches PYUSD – USD-Backed Stablecoin For Payments | ZeroHedge

Post author:bitcointalk
Post published:11.09.2023
Post category:CRYPTO
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Authored by Prashant Jha via CoinTelegraph.com,

American financial technology company PayPal launched a new crypto stablecoin called PayPal USD (PYUSD) on Aug. 7.

The new US dollar-backed stablecoin will be issued by Paxos Trust Co. and fully backed by United States dollar deposits, short-term Treasuries and similar cash equivalents.

The new stablecoin is built on Ethereum and is "designed for digital payments and Web3."

The firm said that the new (more…)

The Global Rejection Of CBDCs | ZeroHedge

Post author:bitcointalk
Post published:11.09.2023
Post category:CRYPTO
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Authored by Ari Patinkin & John Berlau via RealClear Markets,

The Biden administration and the Federal Reserve are taking steps toward the potential roll-out of a central bank digital currency (CBDC). In attempting to do so, they are ignoring serious concerns about consumer privacy and heavy-handed government control in the U.S. and abroad.

Everywhere around the world, powerful heads of central banks and politicians are pushing central bank digital currency. Yet also (more…)

Pentagon To Develop Drone Swarms With Eye Toward Future China War | ZeroHedge

Post author:bitcointalk
Post published:11.09.2023
Post category:TECHNOLOGY
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Authored by Kyle Anzalone via The Libertarian Institute,

The Department of Defense is developing the ability to launch thousands of drones at a time for use in a future war with China, according to top Pentagon officials.

At a conference hosted by the National Defense Industrial Association (NDIA), Deputy Defense Secretary Kathleen Hicks said Washington is initiating a program to launch thousands of land, air (more…)